By Jay Gandhi - Partner Shardul Amarchand Mangaldas

The last few years have seen some exciting developments in the Indian private fund industry. Domestic private fund managers have found a lot of traction in the Indian market and witnessed exponential growth. A lot of credit for this goes to the Securities and Exchange Board of India (“SEBI) in issuing the Securities and...

By Pratik Shah - Partner SKP Group

Frequently Asked Questions (FAQ) on Swachh Bharath Cess issued by the Central Board of Excise and Customs (CBEC) on 12 November 2015 clarifying some crucial points.
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By Sandeep Parekh Founder (Finsec Law Advisors)

The Companies Act, 1956 (“Companies Act”) and the Listing Agreement both set out different requirements for related party transactions (“RPT”). While the former applies to all companies, the latter applies only to listed companies. 

The Definition of Related Party
The Companies Act provides a definition for the term “related party” whereby a list of nine parameters have been prescribed to determine...

By Pratibha Jain Partner (Nishith Desai Associates)

In Re: Kannada Grahakara Koota v. Shri Karnataka Film Chamber of Commerce, Competition Commission of India (“Commission / CCI”Continue reading

By Lalit Kumar Partner (J. Sagar Associates)

On Thursday, the Bombay High Court delivered a crucial judgment, and one that could well be considered a first of its kind in recent times. The verdict will certainly provide some relief to Nestle India for its erstwhile flagship product, Maggi noodles.

Yes, a critical question remains unanswered: how will Nestle recoup its losses and damages already...

By Bahroze Kamdin Partner (Deloitte Haskins & Sells LLP)

India’s signing of the Model 1 Inter Governmental Agreement with USA on 9 July 2015 as well as the OECD Multilateral Competent Authority Agreement (MCAA) on 3 June 2015 are two important milestones in India`s fight against the menace of black money as it would enable the Indian tax authorities to receive financial account information of tax resident Indians from foreign...

By Mukesh Bhutani Managing Partner (BMR Legal)

The Central Board of Direct Taxes (CBDT), Department of Revenue, recently operationalised a new framework for computation of income, by notifying Vide Notification No. SO 892(E) dated 31-3-2015 the `Income Computation and Disclosure Standards` (ICDS) from April 1, 2015.

The standards have been introduced to meet long standing objective for harmonising Accounting Standards...